Blues Gal

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6 Comments

    • Tue Nov 18th 09:33 AM | Rating: 0 0
      Commented on:
      The 28-33% Mortgage Payment Rule: Confronting Reality
      I agree with the article. Another idea to add to this would be to help those
      in unaffordable mortgages find new housing that they can afford. There is
      a growing amount of housing that is being abandoned, at all price levels.
      Lets move the folks down a notch into a house that has payments that are
      within their budget! The banks probably already have houses in their own
      portfolios of delinquent loans that they could work these people into.
      View article »
    • Thu Oct 30th 09:34 AM | Rating: 0 0
      Commented on:
      Changing the Nation's Mindset About Housing
      Yes, they do teach basic money skills in high school. My sister-in-law is a
      teacher and "How to Budget" and the lessons a person needs to be able
      to handle their money are a part of her courses. But, she has found that
      the students are more interested in what's going on after school than in
      what will be going on in their future. And she is not a dry and boring
      instructor. Many parents are not holding their kids responsible for their
      behavior, we are babying them into thinking that everything will be handed
      to them on a silver platter. So, we now have 2 generations of people who
      think the world owes them everything they want, the kids and these parents!
      Don't know if the present financial crisis will spur more people to find out
      about how to handle personal finances, I sure hope it does, it's high time!
      View article »
    • Tue Sep 9th 09:53 AM | Rating: 0 0
      Commented on:
      Fannie/Freddie Bailout 'Disastrous Fiasco'
      "Privatizing profits and socializing losses." Right on Kevin.
      That's our government working for us.
      View article »
    • Thu Jul 31st 10:44 AM | Rating: 0 0
      Commented on:
      Bush Housing Law: Cheap Compared to the Alternatives
      This analysis sounds like a plug for another government bailout by someone who will be benefiting from said bailout. I don't believe the American taxpayer will be a beneficiary though. House prices need to
      come back down to the 2002 or 2003 levels. A decrease of only 10 to 25% doesn't bring them back to affordability for the average american worker. We've gotten ourselves to the place now, that as a nation, we need two wage earners in a family, to be able to afford a place to live. If the government bailout goes forward as described by the author of this article, houses will still be unaffordable for many. The reason for this is that wages never increased at the pace that house prices increased. So, you still have the average wage earner making only a bit more than he did 5 years ago. Even if
      home prices decrease by 25%, that will still be more than the wage earner is able to prudently buy into. Lets stop kidding ourselves and
      admit that this royal screwup caused by greed, lack of common sense, and legal and financial sleight of hand, will be with us for at least one generation, maybe even two.
      View article »
    • Wed Jun 25th 10:21 AM | Rating: 0 0
      Commented on:
      The Current Market Atmosphere: Easy Money Hard to Come by
      Unlike Zeninvestor, I think this was a very useful article, I guess we're
      not all as knowledgeable as Zen is! Thanks for the info.
      View article »
    • Sat Jun 21st 15:17 PM | Rating: 0 0
      Commented on:
      Bearish Report Sends Satellite Radio Lower
      Amen, plowboy!
      View article »
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